Error in the display of yields: APY instead of APR

[Kolibri1990]

What happened:

In the new wallet the display of the returns is still wrong. The returns are APR and not APY.

What you expected to happen:

You only have to change APY in APR... thats all.

How to reproduce it (as minimally and precisely as possible):

Open the wallet.

What are your environment parameters?

• DeFi Wallet Version: All versions
• Operating System (OS): All OS

Anything else we need to know?:

[defichain-bot]

@Kolibri1990: Thanks for opening an issue, it is currently awaiting triage.

The triage/accepted label can be added by foundation members by writing /triage accepted in a comment.

In the meantime, you can:

1. Checkout DeFiChain’s Github issue page to see if your issue has already been reported
2. Submit any logs if you have them, this will greatly expedite the process for us.
3. You can also join our Telegram or Reddit community channels.

Details

I am a bot created to help the DeFiCh developers manage community feedback and contributions. You can check out my manifest file to understand my behavior and what I can do. If you want to use this for your project, you can check out the DeFiCh/oss-governance-bot repository.

[izzycsy]

Hi @Kolibri1990 , thanks for your feedback, the team is aware and are currently investigating.

[diegorodriguezv]

I noticed the web site (https://defichain.com/dex/) shows the rate as APR but the App and the screenshots show APY.
I don't know which is correct. Could someone explain why one or the other?
I have looked around but I can't find which is the number of periods for the calculation. Is it monthly? Daily? Each 12 hours? (https://app.cakedefi.com/ says Rewards every 12 hours)

[Kolibri1990]

Hey @diegorodriguezv

As with cake, the return on LM on the DeFi Wallet is an APR and not an APY.

It is wrong on the DEX page (https://dex.defichain.com/mainnet/pool) and also the DeFi Wallet.

The values are right but the naming is wrong.

[izzycsy]

Hi @diegorodriguezv you can ask the community DeFiChain Telegram (EN) on such enquiries.

Thanks @Kolibri1990 !

[izzycsy]

Hi @Kolibri1990 @diegorodriguezv @wmbst @adrian-schnell v2.4.0 is out, this is a mandatory update. Please read through the release notes before updating. This comment is to notify you about the update.

[sandrich]

When is this going to happen? APY is wrong and misleading.

[nick-preda]

so to be clear, app should be also showing APR, as the website already shows correctly that is APR

[izzycsy]

Hi @sandrich , the team is working on it, kindly refer to DeFiChain Announcements (EN) for the latest updates. Thank you.

[thedoublejay]

Hi, we have updated this on the latest app release v2.4.2, please have a look. thank you - https://defichain.com/downloads/